Tamil Nadu Global Investor summit : Quick Glimpse

bridging income inequalities. A number of schemes like Jan Dhan Yojana,

Saubhagya and Ujjwala stand testament to the core values of

inclusiveness that India adheres to’, the Vice President of India, Shri

M. Venkaiah Naidu has said, in Chennai today. He was addressing the

gathering at the valedictory function of Tamil Nadu Global Investors

Meet (GIM)-2019.

He urged investors to seize the moment and invest in India.

The

Vice President quoted the Sustainable Development Goals 2030 which

emphasized upon the need for nations to focus more on equitable economic

growth and to reduce inequalities and said that the Government of India

has embarked on a similar path in the last 4 years by having “Sab ka

Saath, Sab ka Vikas” (Assistance to everyone and development of each

individual) as the overarching goal.

Shri Naidu applauded the dynamic, visionary leadership in India at the national and state levels that is engaged in reforming governance, reaching higher performance benchmarks & transforming the lives of people. Expressing his joy at the captivating growth story that India has been writing, the Vice President opined that India of today is a land of infinite possibilities and tremendous opportunities.

Shri

Naidu highlighted a number of positive trends the Indian economy has

been exhibiting is recent times such as the consistent GDP growth rate

and the highest ever growth in FDI inflow. ‘India accounts for about 15%

of global growth and it has been estimated that the Indian economy

would grow to $10 trillion by 2030’, he said.

The

Vice President said that measures like demonetization, GST, Insolvency

and Bankruptcy Code, repeal of outdated laws, giving thrust to road and

air connectivity, increased focus on infrastructure, housing and

agricultural sectors have enabled the economy to gather momentum.

Citing

the appreciation showered on India by the World Bank and the IMF for

resilient and stable growth and their terming of India as the

fastest-growing emerging economy in the world, the Vice President said

that these recognitions stood testimony to the efficacy of Government

Policies.

Pointing

out that 2018 was replete with external vulnerabilities, the Vice

President lauded Indian economy’s ability to withstand such stresses. He

credited the robust Institutions of Indian economy, whose roots run

deep and wide, for India’s steady momentum.

Underscoring India’s steady ascent in the Ease of Doing Business Index to reach the 77th

position, Shri Naidu said that doing business in India has now become

much cheaper and faster through GST and other tax reforms as well as

through digital processes and single point interfaces and single window

clearance systems.

The

Vice President said that it was a matter of great satisfaction that

many of the global corporate giants, are now actively looking for

investment opportunities in India with renewed optimism and enthusiasm,

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